Storm may be brewing but for more i am joined by housing expert in housing economist with core logic. This is the great panel to talk to. I want to go over the revised numbers to stay home sales are in a decline by 4 percent with 5. 2 million. So to get started is the recovery faltering . But were now looking at another crash. We were not predicting a huge increase of home sales this year and a lack of availability with tight credit have slowed the buying patterns down a little bit. Gerri so the king and expectations that would be underwritten debt is down eight. 7 . So the worse news for the Housing Market as you like these numbers just how serious is this and what is causing the issue . It is not that serious were still moving up and looking at five now it is an improvement. Were not back to the 8 million and we should not but the real reason and buyers are the first homeowners people are now listing their home for sale it is a disincentive to sell as a big source of demand. Gerri a very good point. Home prices are expected to go up compared to 11 percent of the previous year. What should individual homeowners be thinking as a look at this combination of numbers . Right now if you are under water what you are looking at is time to a position of equity. You can afford to sell and buy another house. The combination of the of high student debt to make it difficult for millenials to buy homes a lot of the young adults are living at home. And keeping firsttime home buyers out of the market. So those homeowners who would like to move up dont have anybody to buy the house they need to sell it is and to be amended driven in slow down. Gerri we were talking about home prices in what is going on with the gogo market. Look at san diego. Falling 42 but rigo did 34 percent you can see similar trends in miami, las vegas, phoenix that were plunging but now coming back but none are back all the way. When you look at those numbers what type of interpretation . To rigo back at the 2006 levels or is that too high . I think that is part of the bubble the more normal time period is early 2000. Actually those that have risen the most reduce the a big job bin inventory from the lower market so there is a Virtuous Cycle between the of walkout to be underwater with rising prices to allow those people to come to market. Also the affordability issue for firsttime home buyers. It is down relative to wind year ago but it is still highly affordable relative to the early parts of the decade where it is the case may be too enormous . Even still affordable with the fastmoving market. But one issue is not necessarily the of Monthly Payments but the down payment required. You need equity or dont have the financial wherewithal to make the down payment that they need in the tighter lending environment. That is a fair point sellers dont have the equity but firsttime home buyers not having a downpayment has always been the issue. But the point is you can get a loan at 5 or 3 percent down. There is availability it is more expensive but that is nothing new. Gerri a good conversation. Talk about the way the numbers shape up tell us the socalled recovery in housing was pretty shaky. You read it the same way . I think the notion it was overblown. Demand is weak right now for the reasons market and i have discussed. So this is part of the long and bumpy recovery it will take for the market to get back to normal because of the boom and bust cycle. We will see prices go up in volume go down and to move back and forth to a more normal level. Gerri thanks for coming on to night. Good to see you. Good conversation. Question of the day is the Housing Market about to crash again . Log onto gerriwillis. Com and boat. For one market to another choose stocks into uncharted territory with all three major indices hitting alltime closing highs. Is a time to get off the table . Clinics guest, eddy will advise individual investors all the time. What do you make dows 17,000 . Should individual investors put meaning into a market level . That is a great question. You hear the headline numbers but it is meaningless what you care about is not the nominal number but the evaluation. And stocks today that is how they trade looking at 2015 numbers stocks are still an expensive with 12 undervalued even with 17,000 does not matter what matters is it is cheaper. Should people buy into the market . I had years of the geopolitical even ince that is why people should start to pull back if they have good gains. They should not get out of the market but some nice returns. Gerri it is hard for individual investors to way that geopolitical climates. It is hard to interpret the data. Isnt it better to have the Asset Allocation at the level you want to be all the time . That is a great point because there are gains pulled back to your benchmark level. Of viable have 75 percent in equities now you are at 80 you should rebalance back to the number. As geopolitical events you cannot forecast lowes. You need to have your portfolio ready. Were the most confident people and the world because we can tell you what might happen but we dont know. We prepared for anything. Gerri where Interest Rates going next . If i space had an island somewhere. Looking at the High Net Worth customers that you work with every day. They are concerned and have their worries. The name is the regulatory climate with gridlock in washington d. C. And the impact of the fed stimulus focused on things that maybe not every petty but those are real worries for the market. Do you agree . These are the people that i deal with every day. But the stimulus and the burkett i think history will prove out i was correct but the stimulus and printing of money has not done anything for the stock market. But it has for the shortterm rates. But what is relevant is the Regulatory Environment that we have been you have seen that with the gdp numbers. That is the most asserting number were not seeing growth around the world and in the United States actually were not seeing any and growth with the gdp numbers that could be reflected with earnings. Individual investors need to look at earnings and Interest Rates. Look at the headlines all data bong but valuations are based on the earnings of the company with a 10 year treasury. Gerri who is not familiar with radio shack . Falls below 1 what happens next . They are basically done. No one can buy them a mutual fund or an institution cannot buy them and they represent 97 percent of the market. Radio shack is done i would not be a buyer and one day you will say they are selling off their assets they only have 60 million it is not a good situation. I think it will just go away gerri the church is scary. Go lot more to come. Tweet me or email or facebook to tell me what you think about the show and i will read your comments. Lance armstrong purses the u. S. Government. He could lose a fortune if the government gets its way but is it legal . But is it legal . We debate the topic. When folks think about what they get from alaska, but is it legal . We debate the topic. They think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the United States, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. I got more advice than i knew what to do with. What i needed was information i could trust on how to take care of me and my baby. Luckily, unitedhealthcare has a Simple Program that helps moms stay on track with their doctors and get the right care and guidancebefore and after the baby is born. Simple is good right now. anncr vo innovations that work for you. Thats health in numbers. Unitedhealthcare. Thits not the limit yoursh hard earned cash back card. Its not the confused by rotating categories card. Its the nocategorygaming, nolookpassing, clearthelaneim goingupstrong, backboardbreaking, cash back card. This is the quicksilver cash back card from capital one. Unlimited 1. 5 cash back on every purchase, every single day. Ill ask again. Whats in your wallet . Gerri the hits keep coming for Lance Armstrong for a federal judge denied his request to dismiss the governments 100 million loss due to alleged he defrauded the government by excepting sponsorship money you from the Postal Service while using performanceenhancing drugs. The next guests are here. Lis wiehl, do they have the case . Armstrong was defrauding the government year after year after year the u. S. Not taking enhancements and he was. Also to the people there on the team so they should have a jury decide. Gerri he says the Postal Service should have known . I said that is the kind of thing that you find out not in the motion to dismiss the judge said i just dont know enough to say that the post office should have known because the question is the french did the investigation and cleared armstrong sufficient did the post office know about that investigation . What else happened was there a guy overseas did that impede . The bottom line is if you dismissed the lawsuit you blame the victim. They should have known. Hello . Is the Postal Service they did not know. Do that once you have the facts. If three years after the end is blue though was sold the post office is laid what a surprise. That is a good question with the statute of limitations. That is about the statute of limitations and should the government get to stop that totally . Because they did not know. You want the government to have the incentive to hurry up and investigate. But if you have a good crop is not that easy. You dont have to like him to argue i am arguing but the government ought to follow the rules. Gerri but the United StatesPostal Service how were they harmed . Why did they hire him in the first place . So it goes on and on every newscast tuesday the u. S. Postal service and the logo. But the image was tarnished that is their argument. Gerri the people blamed the of Postal Service for him taking drugs . Absolutely not but theyre arguing we have this guy who was to be a hero now they associated with the Postal Service. I am not say there are no damages but the statute of limitations is a serious one. It is the government they take their sweet time. Gerri it sounds like this will go on forever. Generations will come and go it will be a long time and the judge let it go forward by here is what will happen they will settle this out of court. Gerri how much . Theyre asking 100 million maybe 20 million . I say it could be over faster than that. They try to get discovery and we get the irs response the mails we cannot find those. [laughter] but then the money they have spent on lawyers is nothing. My little 20 million is nothing compared to the lawyers fees. That is where it is. You have to wait and see what the facts are. Motion to dismiss is a grand jury indictment is only the beginning of the process. Step number of one. It is the big long road in civil courts. Maybe you can say that is it they have good lawyers this is not over. Gerri he doesnt have all lots of public sympathy. We will have to wait and see great job. Later in the show get up pen and paper ready because celebrity shaft celebrity chef is year we will grow on the plaza of. Joining us. And promising to roller you the melissa applies for credit in your name but will put an end to Identity Theft coming up. Gerri if you are concerned about identity that the three credit reporting bureaus gave consumers a new way to track fraud in realtime. Trans union will send you an overt will somebody applies for credit in your name. For more, a great to have you here adam. Is this a good product . To make any time you get the instant alert is a good product. Gerri it comes right to your phone. How did you take advantage . It is part of the credit Monitoring Program costing 17 or they may add to the uprising in the life lot as the problem like this also and this says credit monitoring on steroids but with the trans Union Version comes to your email and a less that pops up on your phone you will know the second it happens they are developing a text version to me that is the best if you can know instantaneously on your phone but you have to be holding up of phone. Gerri a buchanan sent us down to to your email. How important it is time . Bin mcadoos critical. I really think with breaching what we see people go through it is beyond prevention but if it is monitoring and a critical version with damage control. Because you can contact from the product than they will work with you right away. Gerri fantastic. There are 38 million fraud victims every single year. And it is getting harder to avoid so this is step number one. Other things as they should be doing . You need other arrows in your quiver but you also should sign up through the banks and Credit Unions for the free service where they will notify you by email or text when there is activity on your account. A large percentage of the Identity Theft past to do with stolen credit card or debit cards. So you need to know the second someone is using your credit card or debit card that it is being used by someone other than you especially if you still have it. Gerri i did not want to pay the 18 per month for the of service but you said the somebody else might pay for it . The ultimate lead this is a service it should be a contribution bank created with retailers or other businesses because we are in this together. This is called deputizing the consumer as parts of the process but because so many have been victimized we have to find a way to get business and government involved as well to help share the cost. Gerri i am worried to sign up by half to share so much information and would give them even more details. The truth is you are giving them everything they already have. Gerri but theyre not always accurate. Not all the time but the reality is they have the data and even if they are wrong it is better to be alerted that there could be a problem, make a phone call i would rather know and be wrong and not know and they are right. Gerri have a great weekend. 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And my cash back keeps the party going. But my Airline Miles take it worldwide. [ male announcer ] it shouldnt be this hard. With creditcards. Com, its easy to search hundreds of cards and apply online. Creditcards. Com. Gerri u. S. Womens open is under way in North Carolina with a number of familiar names at the top of the leader board we are covering all the latest with hall of fame golfer and joins us by sky panda i should say. As a fiscal for with record riggings the first woman to score 59 in competitive play. Always great to have you. I was there last week it was very hot we always wondered what course would be like after the men trample all over ischemic it is equally as hodge but the golf course is in good shape for everyone was a little concerned but it is really good you can hardly tell the mens